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BROOKS OPPOSES BILL THAT INCREASES NATIONAL DEBT AND SPENDS AT RECORD HIGH RATE
Congress will soon consider a continuing resolution (CR) spending bill that increases federal government spending by yet another $150 billion, and helps blow FY 2017 federal government spending through the $4 trillion mark, a record high.
Standing before the U.S. House of Representatives, Alabama Congressman Mo Brooks again warned colleagues of a looming and debilitating American insolvency and bankruptcy, and explained why he will vote against another temporary government funding measure that ignores economic reality.
Congressman Brooks stated, “While House Republicans can boast that they helped cut the $1.3 trillion deficit we inherited in 2011 to $439 billion in 2015, that boast now rings hollow.” He continued, “Absent correction, the CBO warns that in 2024 America will embark on an unending string of trillion dollar a year deficits.
Absent correction, the CBO warns that America’s debt service costs will increase within a decade by $464 billion per year, to roughly $712 billion per year . . . more than what America spends on national defense!”
Brooks added, “This CR spending bill reflects Washington and special interest group greed and short-sightedness and continues the worst generational theft in American history, by again breaking into our kids’ piggy banks and stealing money we don’t have and will never pay back, callously letting our children suffer the consequences.”
Brooks concluded, “Mr. Speaker, I can’t speak for anyone else but, as for me, Mo Brooks, from Alabama’s 5th Congressional District, I vote for financial responsibility and prosperity and against a debilitating American bankruptcy, insolvency, and resulting economic depression.
Although this continuing resolution admittedly spends money on lots of good things, I will vote against it because it is financially irresponsible. I will not vote for a debilitating insolvency and bankruptcy of America that will damage so many Americans for so many years to come.”
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